Grandview Gold Inc., Annual General Meeting, Nov 30, 2009

Grandview Gold Inc. reported unaudited consolidated earnings results for the first quarter ended August 31, 2009. For the quarter, the company reported loss before special items of CAD 460,325, loss before income taxes of CAD 463,040 and net loss and comprehensive loss of CAD 463,040 or CAD 0.01 per basic and diluted share compared to loss before special items of CAD 138,952, loss before income taxes of CAD 138,389 and net loss and comprehensive loss of CAD 138,389 or CAD 0.00 per basic and diluted share for the same period of last year. The company reported net cash used in operating activities of CAD 65,398 and expenditures on mining interests of CAD 124,034 compared to net cash used in operating activities of CAD 40,843 and expenditures on mining interests of CAD 319,901 for the same period of last year.

Grandview Gold Inc. reported the receipt of assays for the 2009 diamond drilling programme at its Dixie Lake Property in the Red Lake gold district of Ontario, and that findings indicate continuity between gold zones 88-4 and 88-4 Extension, and the existence of additional priority targets outside of the historic 88-4 Zone. The drill programme was designed to test mineralization intersected from previous drilling, specifically, extensions to and infil of, the 88-4 Zone, continuity between the 88-4 Zone and the 88-4 extension, and the more recently discovered NS Zone. The Property, located just 16 miles south of Goldcorp's Red Lake Mine is considered highly prospective for high-grade, narrow vein gold typical of the Red Lake gold district.